Tag: India

US-based on-demand software and e-commerce services firm Ebix is acquiring Indian payments service ItzCash. The company will pay $120m for an 80% stake of the Essel Group-owned business.

Acko General Insurance has raised the largest round for an Indian InsurTech startup to date. The Mumbai-based startup picked up $30m in a Seed round.

Indian consumer lending startup EzCred has picked up a $1m Seed round from a consortium of individual investors.

Indian lending startup PaySense has raised $5.3m in a Series A round led by Jungle Ventures. Naspers Group and Nexus Venture Partners also participated in the round.

Payments gateway startups Telr has picked up $3m in a Series B round led by Innovation East Funds.

Indian micro-lender AYE Finance has secured a $3m credit line from public lender the State Bank of India. The company operates a network of 22 branches around seven Indian states.

Indian online home rental startup NestAway Technologies has reportedly raised $50m in a fresh round of funding.

Mazkara Internet has acquired mobile technology startup BazingaLabs, which has developed an app for users to find and book experiences, in a part equity, part...

Japanese web giant and investor SoftBank is reportedly in talks to sell Snapdeal-owned mobile wallet FreeCharge for as little as $150m to $200m.

FinTech data startup Perfios has raised $6.1m in a Series A round from Bessemer Venture Partners. Perfios aims to help financial institutions in real-time decision making.